The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.
GBP/USD: pound fixed above SSB
2019-11-11 • Updated
Technical levels: support – 1.2360; resistance – 1.2400, 1.2420, 1.2470.
1. Buy — 1.2360; SL — 1.2340; TP1 — 1.2420; TP2 — 1.2470.
Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are fixed above the Cloud, but the market still is overbought.
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